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Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005).; Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
Most new federal employees hired on or after January 1, 1987, are automatically covered under FERS. Those newly hired and certain employees rehired between January 1, 1984, and December 31, 1986, were automatically converted to coverage under FERS on January 1, 1987; the portion of time under the old system is referred to as "CSRS Offset" and only that portion falls under the CSRS rules.
In 1916, the military instituted new "up or out" policies, forcing the retirement of members who were not selected for promotion in a prescribed amount of time. In conjunction with these reforms, the military began using what has become the "standard" calculation for retirement compensation of 2.5% of base pay, multiplied by years of service ...
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The Individual Ready Reserve ( IRR) is a category of the Ready Reserve of the Reserve Component of the Armed Forces of the United States composed of former active duty or reserve military personnel. Its governing statute is codified at 10 U.S.C. § 10144. For soldiers in the National Guard of the United States, its counterpart is the Inactive ...
The total inched up slightly to about 7,500 in fiscal year 2014, data shows. It held steady around 12,000 for the next three fiscal years before surging to more than 17,000 in fiscal year 2018 ...
The top US and Chinese generals spoke on Thursday for the first time in over a year, marking the end of a strained silence between senior US and Chinese military officials that had deeply ...
Another US military service chief has relinquished command without a Senate-confirmed replacement in place, marking the first time in the Defense Department’s history that three services are ...